Estate & Asset Protection Attorney, Victoria Collier explains the importance of having an asset protection plan in place and that one must have a financial plan in place before having an asset protection plan.
DECATUR, GA, February 13, 2018: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new blog on her firm’s website entitled “Asset Protection And Financial Planning Go Hand In Hand,” in which Ms. Collier makes a case for putting both plans in action as soon as possible.
Collier writes, “Too few people take financial planning and asset protection seriously.” “Typically,” she adds, “most people only think about protecting their property or automobiles with the required auto and homeowner’s insurance. However, we live in a litigious society, and asset protection means keeping your property safe from being taken by someone who wins a lawsuit against you.” She explains, “Accidents in which someone gets hurt and non-payment of mortgage are two examples in which lawsuits can be initiated and your assets can be claimed.”
According to Collier, one protects assets from lawsuits, “through the process of asset protection planning, which means taking assets that are subject to creditors’ claims, called nonexempt assets, and repositioning them as assets that are out of the reach of creditors’ claims, called exempt assets.” She continues adding, “Before you can have an asset protection plan you must have a financial plan. You cannot begin an asset protection plan if you are already in a lawsuit.”
The entire blog can be read at http://www.elderlawgeorgia.com/asset-protection-financial-planning-go-hand-hand/
About Victoria Collier
Victoria L. Collier, CELA founded The Elder & Disability Law Firm of Victoria L. Collier, P.C. to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Victoria Collier has grown her law practice and financial services practice by providing excellent customer satisfaction with personalized wealth protection plans.